Vishay Precision Group (NYSE:VPG) Sets New 52-Week High – Time to Buy?

Vishay Precision Group, Inc. (NYSE:VPG) shares reached a new 52-week high on Wednesday . The company traded as high as $40.32 and last traded at $39.8510, with a volume of 17945 shares changing hands. The stock had previously closed at $39.37.

Analyst Ratings Changes

VPG has been the topic of a number of research reports. Loop Capital set a $44.00 target price on shares of Vishay Precision Group in a research note on Thursday, December 18th. Lake Street Capital initiated coverage on Vishay Precision Group in a report on Thursday, December 18th. They issued a “buy” rating and a $44.00 target price for the company. Wall Street Zen downgraded Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Zacks Research cut Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vishay Precision Group in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.83.

Vishay Precision Group Price Performance

The company has a current ratio of 4.10, a quick ratio of 2.71 and a debt-to-equity ratio of 0.06. The business’s 50-day simple moving average is $35.59 and its two-hundred day simple moving average is $31.27. The firm has a market cap of $528.28 million, a price-to-earnings ratio of 66.30, a P/E/G ratio of 2.83 and a beta of 0.86.

Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings results on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Vishay Precision Group had a net margin of 2.65% and a return on equity of 2.02%. The firm had revenue of $79.73 million for the quarter, compared to the consensus estimate of $76.63 million. As a group, research analysts expect that Vishay Precision Group, Inc. will post 0.9 EPS for the current fiscal year.

Institutional Trading of Vishay Precision Group

A number of institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Vishay Precision Group by 2,638.2% in the 2nd quarter. GAMMA Investing LLC now owns 931 shares of the scientific and technical instruments company’s stock worth $26,000 after acquiring an additional 897 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Vishay Precision Group by 826.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 992 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Vishay Precision Group by 85.7% during the third quarter. BNP Paribas Financial Markets now owns 2,332 shares of the scientific and technical instruments company’s stock worth $75,000 after purchasing an additional 1,076 shares during the period. State of Wyoming bought a new stake in Vishay Precision Group in the second quarter worth approximately $80,000. Finally, Moody National Bank Trust Division bought a new stake in Vishay Precision Group in the third quarter worth approximately $225,000. Institutional investors own 87.61% of the company’s stock.

About Vishay Precision Group

Vishay Precision Group (NYSE: VPG) specializes in the design, manufacture and calibration of precision sensors, instrumentation and measurement systems used in a broad range of applications. Its product portfolio includes load cells, tension links, weighing modules, torque transducers, digital indicators and data acquisition systems. These solutions serve critical requirements for accuracy, reliability and repeatability in sectors such as industrial automation, test and measurement, medical devices, food and beverage processing, aerospace and defense.

The company traces its roots to the sensor and measurement division of Vishay Intertechnology, Inc, from which it was spun off as an independent public company in March 2016.